Wednesday, September 13, 2017 10:15 PM ET
Insiders Make Significant Stock Sales in Tutor Perini (TPC) Shares Extending the Trend of Last Quarter
Two insiders — Ronald N Tutor Separate Property Trust, 10% Owner, and Ronald N Tutor, 10% Owner, Director and Officer — disposed of 150,000 shares of Tutor Perini having a market value of approximately $3,913,791, today, as reported in form 4 documents filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 50,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 200,000 shares and have averaged 50,000 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Tutor Perini is above the 40-company peer group average. Construction & Engineering peer group saw 17 buy/sell trades during this period for an average of 0.4 transactions per company. The number of shares per buy/sell trade for Tutor Perini insiders was also higher. Within the peer group there were 97,350 shares purchased and 430,933 shares sold with company insiders disposing of 19,623 shares on average.
In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data used to evaluate and write this story.
Today’s Insider Activity
* Ronald N Tutor Separate Property Trust, 10% Owner, sold 75,000 shares
* Ronald N Tutor, 10% Owner, Director and Officer, sold 75,000 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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